JELD-WEN Holding, Inc. (NYSE:JELD) Receives Average Rating of “Reduce” from Brokerages

JELD-WEN Holding, Inc. (NYSE:JELD) has earned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $2.1125.

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. The Goldman Sachs Group restated a “neutral” rating and issued a $1.75 price target on shares of JELD-WEN in a report on Wednesday, May 6th. Finally, UBS Group cut their target price on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th.

Insider Activity

In other news, Director Bruce M. Taten sold 19,483 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $1.66, for a total value of $32,341.78. Following the completion of the transaction, the director owned 88,158 shares of the company’s stock, valued at approximately $146,342.28. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.87% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL purchased a new stake in shares of JELD-WEN during the third quarter valued at $2,506,000. Miller Value Partners LLC increased its holdings in shares of JELD-WEN by 99.8% during the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock valued at $10,170,000 after acquiring an additional 2,065,370 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of JELD-WEN during the 3rd quarter valued at about $198,000. Integrated Advisors Network LLC acquired a new stake in JELD-WEN in the 3rd quarter valued at approximately $86,000. Finally, RBF Capital LLC acquired a new stake in JELD-WEN in the 1st quarter valued at approximately $310,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Stock Performance

NYSE JELD opened at $1.44 on Friday. The business’s 50-day moving average price is $1.65 and its 200 day moving average price is $1.98. JELD-WEN has a 52-week low of $0.93 and a 52-week high of $6.98. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. The firm has a market cap of $123.63 million, a P/E ratio of -0.24 and a beta of 2.05.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). JELD-WEN had a negative net margin of 16.02% and a negative return on equity of 65.79%. The firm had revenue of $722.13 million during the quarter, compared to analysts’ expectations of $721.62 million.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.